The Elements of Railway Economics

The Elements of Railway Economics by W. M. Acworth delves into the history of railway rates and the challenges faced by companies in adhering to legal maximum rates. The book explores the impact of the Railway and Canal Traffic Act of 1888 which aimed to revise statutory rates for goods. It discusses the complexity of determining charging powers and the practical implications of fixed maxima rates on economic adjustments. Through its narrative the book raises questions about the effectiveness of legal mechanisms in addressing economic issues within the railway industry.